that's how it was given to me

Question 1: 22 marks - 40 minutes Joe Sixpack began a web-based computer sales and service company on August 1, 20x8 called Sixpack's Toys. Sixpack records all prepayments as assets and unearned revenues as liabilities. The company employs a periodic Inventory system. The company has the following transactions for August 20X8. August 1 Joe invested $10,000 cash along with $6,000 of computer equipment into his new business. The equipment is estimated to have a useful life of 4 years and have no value after that time. 1 Purchased 12 months of insurance for $1,100 cash, the policy is effective immediately. 3 Purchased 8,000 of merchandise inventory from Biotech company terms 1/10 n20, FOB destination. Shipping amounted to $290. The freight was paid by the company that owned the goods during shipping. 4 Purchases supplies on account for $750 6 Sold Merchandise to Bud Weiser that cost $1,500 for $1,925 terms 1/15, n30. 7 Purchased office equipment for $5,000 paying $500 down and signing a 1 year note at 6% for the balance. 10 Hired computer technician today. 17 Bud Weiser paid his account in full, 18 Sold 6 months advertising to WH company worth $1,600. The contract begins on September 1, 20X8. WH paid for the advertising in full. 24 Paid computer technician two weeks wages in the amount of $750, 27 Paid for purchase on August 4 29 Joe paid $200 for a newspaper ad, to run in the newspaper on Sept 5 30 Received a bill from the local radio station for advertising in August, amount $1,500. 31 Joe withdrew $500 for personal use. Required: Part A: (17 Marks) Journalize the above transactions Part B: (5 Marks) Calculate the balance of Cash at August 31, 20X8. Show clearly all details of your calculations